The Las Vegas Aces are owned by Mark Davis, who serves as controlling owner, with retired NFL quarterback Tom Brady holding a minority stake. Davis, who also owns the Las Vegas Raiders, bought the franchise from MGM Resorts International in a sale approved by the WNBA and NBA Board of Governors on February 12, 2021. Brady’s minority investment was approved by WNBA owners in October 2023. No other owners of the Aces have been publicly identified.1Wikipedia. Las Vegas Aces
Mark Davis, Controlling Owner
Davis acquired the Aces from MGM Resorts International, which had owned the team since 2017.2WNBA. WNBA Approves Sale of the Las Vegas Aces to Mark Davis The reported purchase price was around $2 million. By 2026, the franchise’s estimated value had climbed to roughly $500 million.
From the start, Davis said he wanted to invest in the Aces at a level typically reserved for men’s professional sports. The most visible result is a $40 million, 80,000-square-foot dedicated training facility in Henderson, Nevada, built next to the Raiders’ headquarters.3CAA ICON. Las Vegas Aces Headquarters The complex houses practice courts, offices, a training room, and locker rooms, and is one of the first standalone facilities built specifically for a WNBA team.
Tom Brady, Minority Owner
Brady announced his purchase of a minority share in the Aces on March 23, 2023. The WNBA’s owners formally approved the deal that October after a vetting process. The exact percentage of his stake has never been publicly disclosed, and no specific financial terms were released with the announcement.
Beyond Davis and Brady, no other minority owners or investment groups have been publicly identified as holding equity in the franchise.1Wikipedia. Las Vegas Aces
How the Aces Relate to the Raiders
Davis owns both the Aces and the Raiders, but the two teams operate as separate organizations with distinct front offices, coaching staffs, and administrative structures.4Las Vegas Aces. Las Vegas Aces Front Office The Aces are not a subsidiary of the Raiders. Their training facility sits adjacent to the Raiders’ headquarters in Henderson but serves exclusively as the Aces’ home base, with its own dedicated practice courts and support infrastructure.3CAA ICON. Las Vegas Aces Headquarters The Aces carry their own budget, their own revenue streams, and their own operational identity rather than functioning as a line item on an NFL team’s balance sheet.
Previous Owner
MGM Resorts International was the Aces’ owner before Davis. MGM bought the franchise in 2017, when it was the San Antonio Stars, and relocated the team to Las Vegas for the 2018 season.5WNBA. Franchise History MGM held the team for three seasons before selling to Davis in early 2021.